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A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500, and an ending finished goods inventory of $27,600. The cost of goods sold for this company is

Sagot :

Answer:

the  cost of goods sold is $59,200

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - ending finished goods inventory

= $28,300 + $58,500 - $27,600

= $59,200

Hence, the  cost of goods sold is $59,200

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